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The differences between senior bankers and loan originators can be seen in a few details. Each job has different responsibilities and duties. It typically takes 4-6 years to become both a senior banker and a loan originator. Additionally, a senior banker has an average salary of $66,444, which is higher than the $41,291 average annual salary of a loan originator.
The top three skills for a senior banker include bank policies, cross-selling and financial services. The most important skills for a loan originator are customer service, origination, and FHA.
| Senior Banker | Loan Originator | |
| Yearly salary | $66,444 | $41,291 |
| Hourly rate | $31.94 | $19.85 |
| Growth rate | 4% | 4% |
| Number of jobs | 23,051 | 10,716 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 61% | Bachelor's Degree, 61% |
| Average age | 45 | 45 |
| Years of experience | 6 | 6 |
A senior banker works in a banking facility to help potential clients develop relationships with their company. They promote banking products such as credit cards, accounts, or loans to clients. They also have the responsibility of processing payments and reminding clients of payment deadlines.
A Loan Originator is a potential liaison between borrowers and lenders. They help borrowers complete loan applications and evaluate which loans are most appropriate for the customers.
Senior bankers and loan originators have different pay scales, as shown below.
| Senior Banker | Loan Originator | |
| Average salary | $66,444 | $41,291 |
| Salary range | Between $28,000 And $153,000 | Between $28,000 And $60,000 |
| Highest paying City | New York, NY | New York, NY |
| Highest paying state | New York | South Dakota |
| Best paying company | Citi | Centennial Bank |
| Best paying industry | Finance | Transportation |
There are a few differences between a senior banker and a loan originator in terms of educational background:
| Senior Banker | Loan Originator | |
| Most common degree | Bachelor's Degree, 61% | Bachelor's Degree, 61% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between senior bankers' and loan originators' demographics:
| Senior Banker | Loan Originator | |
| Average age | 45 | 45 |
| Gender ratio | Male, 52.8% Female, 47.2% | Male, 54.0% Female, 46.0% |
| Race ratio | Black or African American, 8.9% Unknown, 4.6% Hispanic or Latino, 15.8% Asian, 6.3% White, 63.9% American Indian and Alaska Native, 0.5% | Black or African American, 9.2% Unknown, 4.6% Hispanic or Latino, 16.1% Asian, 6.4% White, 63.2% American Indian and Alaska Native, 0.5% |
| LGBT Percentage | 8% | 8% |